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Gold £1240.45 £39.882
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Updated 09:04 20/08/19

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August Gold News 2019

A host of global economic uncertainties recently have seen investors turning to safe-haven assets, driving the price of gold to register several new all-time highs in Sterling.

Gold is not the only precious metal to rally however. Silver has been climbing too, and has the potential to make further gains.

16 Aug 2019, 2:50 p.m.

Data experts at Deutsche Bank are forecasting another quarter of economic contraction in Germany, resulting in a technical recession that could last into next year.

Germany’s industrial production has been impacted by the US/China trade war, which has hit supply chains and commercial demand.

14 Aug 2019, 5:06 p.m.

The US Federal Reserve has announced it plans to cut interest rates by 0.25%, bringing the new benchmark to between 2% and 2.25%.

Committee members voted 8-2 in favour of cutting rates at a meeting yesterday evening, with Eric Rosengren (Boston Fed president) and Esther George (Kansas City Fed president) voting against the decision.

1 Aug 2019, 2:37 p.m.